The forecast for the import of flax yarn multiple (folded) or cabled to Japan from 2024 to 2028 shows a steady decline in value from $248.72 thousand in 2024 to $196.11 thousand in 2028. This represents a significant year-on-year decrease with average annual reductions notable through each subsequent year.
- 2024: $248.72 thousand
- 2025: $235.16 thousand (5.5% decrease)
- 2026: $221.88 thousand (5.6% decrease)
- 2027: $208.86 thousand (5.9% decrease)
- 2028: $196.11 thousand (6.1% decrease)
From 2023's base, where the import value stood just above this declining path, the compounded annual growth rate (CAGR) indicates a consistent downward trend over the forecast period. This suggests potential shifts in demand, competitive dynamics, or sourcing strategies diversifying away from flax yarn imports.
Future trends to watch include potential changes in trade policies, increased domestic production capacities, or shifts towards alternative materials and synthetic fibers, all of which might impact flax yarn import dynamics significantly. Additionally, monitoring consumer behavior and technological advancements in the textile industry could provide further insights into this declining trend.
